Big move after earnings was capped by Vscore resistance.
Pros: Vscore is at support. 200 propulsion. Volume profile levels. Darvas 3.0.
Cons: RAF @ 50%. XLY sector is below 200prop dots. GM price dipped below 200 prop, but found support.
Entry - $39.35
Profit - Darvas Level - $40.50
25% Stop Loss
21APR23 39 Calls
Pros: Vscore is at support. 200 propulsion. Volume profile levels. Darvas 3.0.
Cons: RAF @ 50%. XLY sector is below 200prop dots. GM price dipped below 200 prop, but found support.
Entry - $39.35
Profit - Darvas Level - $40.50
25% Stop Loss
21APR23 39 Calls
Trade closed: stop reached
2/27/23 - Entered 2 21APR23 39 Calls @ 2.51.3/2/23 - Stop Loss @ 1.85 on the big pullback.
Need to get price improvement on the breakouts and I probably still would have been in the trade for the big move.
Trade hit profit target.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.